Longboard Skateboard's finishing department has 50,000 units in inventory at the beginning of the month. The beginning inventory cost of $90,500 consists of $54,500 of direct magterials and $36,000 of conversion costs. During the month, the department started 150,000 units and ending inventory is 30,000 units. Ending inventory is 30% complete w/r/t DM and 20% complete w/r/t conversion. Cost information for the finishing department is below. Beginning Inventory $ 90,500 DM added during the period $ 930,000 Conversion added during the period $ 800,000 TOTAL $ 1,820,500 1) Determine the physical flow Beginning Inventory Beginning Inventory Started Total Started Finished Ending Inventory Finished Ending Inventory Total 2) Calculate EUP Completed Direct Materials Conversation EUP Calculation 3) Calculate cost per EUP Beginning Inventory DM added in the period Conversion added in the period Costs EUP Cost per EUP Total cost of one unit Percent complete DM Conversion EUP DM Conversion (DM per unit + Conversion per unit) 4) Assign and reconcile costs Costs transferred to Finished Goods DM Conversion Total costs transferred to Finished Goods Costs remaining in Ending Inventory DM Conversion Costs Reconcile to known costs Total Costs Total Costs remaining in Ending Inventory Total Costs (Transferred to Finished Goods + Ending Inventory) Beginning Inventory DM added during the period Conversion added during the period TOTAL